Real-Time Accounting 2016

XBRL Finland update, Elina Koskentalo, XBRL Finland.

Finland is taking its first steps in moving towards standard business reporting. A new common filing portal has recently been opened and insights will be provided by the Finnish Tax Administration and Patent and Registration Office. A session also includes a live demonstration of automated business reporting.

Standardizing the transactional data is the next step on the road to automated accounting. The new TALTIO venture aims to spread the usage of this standard across the nation as well as defining an entirely new ecosystem and infrastructure for enterprise software based on standardized interfaces and data warehouses.